On the upswing, filmed entertainment and theme parks posted revenue gains of 46.9 percent and 29.2 percent, respectively.
That compared to revenue declines in Comcast’s two largest sectors — cable networks with 3.5 percent and broadcast television with 8.5 percent.
And, as a tribute to their explosive growth, Moffett proclaimed Parks and Pictures as “Comcast’s story on Wall Street.”.
He directed the first two, in 1993 and 1997, and executive-produced the second two, in 2001 and 2015.
MCA head Sid Sheinberg, Spielberg’s first major champion, didn’t want to lose his prodigy to Ross’ free-spending ways.
Sheinberg’s theme-park consulting deal paid Spielberg 2 percent of all park ticket revenue plus a portion of park concession receipts.
“There’s no doubt a bunch of Monday-morning quarterbacks who’ll never understand we couldn’t beat Ross’ full-court press for Steven with just cash. »